mortgage interest and tax - international non-resident cross border income tax help estate family trust assistance expert prepar

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Sent: Wednesday, February 14, 2007 6:05 PM
To: [email protected]
Subject: mortgage interest and tax

Hello:

 

I’m a cdn citizen working on a TN visa in Virginia. I’m thinking of purchasing a home here, and I’m not clear if the mortgage interest and tax are tax deductible. The home will be my primary residence, will be used for nothing else.

 

Best regards,

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david ingram replies

Your Mortgage interest and property taxes are dedcutible on schedule A of your US 1040 return. If you had kept a cottage at Collingwood or Whistler of the Gaspe or Lake Winnipeg or anywhere else in Canada, France, Australia, etc., the taxes and interest on your second vacation home would also be deductible even if the property was not in the USA.

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